Acknowledgment of Debt

Acknowledging a debt on the merits.

With an acknowledgment of debt, the debtor confirms the existence of a debt. An abstract acknowledgment of debt can establish an obligation of its own and generally requires written form. Caution is advised, for example with declarations presented by debt collection agencies.

The relevant statutes

§ 781 BGB

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Related terms

Debt Collection / Collection Agency
Assumption of Debt

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General explanation for self-help, not legal advice (RDG). Individual cases may differ: if in doubt, contact a consumer advice center or a lawyer.